SMSL have a whole army of non-working political activists who have nothing better than to stir the pot and create havoc for Lynas and the Malay govt. The Anti Lynas brigade also have a bunch of lawyers with political aspirations all willing to work pro-bono or to a greater degree thereof.
Lynas and Nick have a State of the Art Ground Breaking Production Plant and Mining Facility to operate which is undergoing its 1st feed and production - THEY ARE NOT A PR MEDIA company 1st BUT A SOON TO BE PRODUCER undergoing unprecedented scrutiny. So they are apt to make some mistakes which they are learning from.
Sure your ideas are good on paper and in hindsight...but the actual proof will be in getting the whole shabang working ie production of REs and by-products with SECURE CONTRACTS with WILLING BUYERS.
Nick has said time and time again secure, quality supply, LT contracts, meeting customer specs, etc, etc. He has also concentrated on Lynas's value add strategy, Siemans JV as a business model and been able to negotiate Capital when it is needed (note while not perhaps always being in a position to be able to negotiate the terms which one would prefer)....
NB:(Cheers Ausheds - hope you don't mind:)) some of your thoughts and mine there combined)
So whilst Lynas may not be entirely pro-active in the PR stakes - along with the above, many don't appreciate that there is only what is humanly, politically and commercially correct and no one CEO will have the ability to be all things (ie not to rock the Malay political boat too much - afterall Lynas are in Malaysia for the long haul etc etc)
LYC Price at posting:
58.5¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)